(ANSA) - Rome, June 12 - The euro is indispensable for the
single market to work, European Affairs Minister Paolo Savona
said Tuesday.
"The euro not only has positive aspects, but indispensable
ones," he told the foreign press during the presentation of his
autobiography.
"If you want a single market, you must have a single
currency".
He said "my position is that the construction is a limited
construction, which must be perfected".
He said "the European Central Bank must be equipped with a
statute similar to that of the Federal Reserve".
But he said that Italy should have asked for an opt-out on
the euro like Britain did in 1992, and then prepared to enter
the single currency properly.
Savona said he did not need to reassure Europe about his
reported anti-euro views.
"It's the press that must reassure Europe, not me, you
created the problem..." he told the foreign press club.
Savona, a respected economist, said he would only speak about
his new post -
which he got after being barred from the economy ministry by
President Sergio Mattarella for his anti-euro views - when "the
government line is decided".
Savona, 82, said at the presentation of his autobiography
Like A Nightmare And Like A dream that "I will speak about my
activity as a minister when the orientation of the government on
the problems to be tackled is decided".
Savona, a former industry minister in the Ciampi government
in 1992-3, said "I am preparing to face complex and delicate
problems".
Savona's initial rejection led to the failure of the first
government bid by the anti-establishment 5-Star Movement and the
anti-migrant Euroskeptic League.
It was revived when he was moved to his current position.
Euro indispensable for single market (5)
ECB must have statue like Fed, Italy shd have asked for opt-out